The cabinet discussed the recent fall in global oil prices and the Chinese yuan’s devaluation, which are having an impact on the Vietnamese economy. However, counter measures and co-ordination among ministries and agencies have been taken so as to minimise the adverse impact.
The country’s socio-economic development in the first 8 months and future prospects for the whole year were also discussed.
As estimated, GDP growth will top 6.4%, up from a previously predicted 6.2%. Export growth will increase by 10%, while inflation rate will be curved by half compared to earlier estimates.
